Hillman Solutions Corp. filed a Form 8-K with the SEC on August 4, 2026, disclosing that on July 31, 2026, the company entered into an Equity Purchase Agreement to acquire Kanebridge Corporation for aggregate consideration of approximately $315 million, subject to customary adjustments.

Key Highlights

  • Acquisition price: Approximately $315 million in aggregate consideration, subject to customary adjustments for cash, indebtedness, working capital, and transaction expenses.
  • Sellers: The Robert J. Williams 2024 Family Trust, the Carol Ann Williams 2024 Family Trust, and the McGrath 2020 Family Trust, described as the owners of Kanebridge Corporation.
  • Financing mix: The acquisition is to be funded through cash on hand, a draw on the company's revolving credit facility, and an additional committed $200 million term loan facility.
  • Commitment party: Jefferies Finance LLC committed to provide senior secured term loans in an aggregate principal amount of $200 million in connection with the acquisition.
  • Term loan maturity alignment: The additional term loans are expected to be on the same terms and maturity as existing senior secured term loans maturing July 22, 2033.
  • Termination deadline: The Purchase Agreement may be terminated in specified circumstances if the acquisition has not been completed by October 29, 2026.
  • Expected closing: The acquisition is expected to close around the start of the fourth quarter of 2026, subject to satisfaction or waiver of closing conditions.

Hillman Solutions Agrees to Buy Kanebridge in $315 Million Deal

According to the filing, Hillman Solutions Corp. (NASDAQ: HLMN), through a wholly owned subsidiary, signed an Equity Purchase Agreement on July 31, 2026, to acquire all of the outstanding equity interests of Kanebridge Corporation. The sellers are three family trusts: the Robert J. Williams 2024 Family Trust (dated December 16, 2024), the Carol Ann Williams 2024 Family Trust (dated December 16, 2024), and the McGrath 2020 Family Trust (dated December 7, 2020). The filing states the aggregate consideration is approximately $315 million, subject to customary adjustments for cash, indebtedness, working capital, and transaction expenses.

The company disclosed that financing will come from a combination of cash on hand, a draw on its existing revolving credit facility, and a new $200 million committed term loan. On the same date, the company entered into a debt commitment letter with Jefferies Finance LLC, which the filing states committed, subject to terms and conditions, to provide senior secured term loans in an aggregate principal amount of $200 million. According to the filing, these additional term loans are expected to carry the same terms and maturity as the company's existing senior secured term loans, which mature on July 22, 2033.

The Purchase Agreement is subject to customary closing conditions, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, accuracy of representations and warranties, and compliance with covenants. The company also disclosed it obtained representations and warranties insurance in connection with the transaction. The filing notes that all statements relating to the Kanebridge transaction are forward-looking, are the company's own, and are subject to its cautionary language regarding risks and uncertainties. The company also furnished, as Exhibit 99.1, selected summary financial results for its thirteen and twenty-six weeks ended June 27, 2026.

What Was Disclosed

Hillman Solutions Corp. disclosed a definitive agreement to acquire Kanebridge Corporation for approximately $315 million, a $200 million committed term loan from Jefferies Finance LLC to help fund the deal, and selected summary financial results for the period ended June 27, 2026.